It was kind of a crummy market on Monday, particularly at the end of the day. It started off with a bang, rolled over, and closed at the lows. It's nothing to be too concerned about yet, not until we see if there’s any downside follow-through. Meanwhile, a lot of our stocks continue to do great.
Advaxis Inc (NASDAQ:ADXS) is unbelievable. This stock has gone from 2 1/2-3/4 in November to Monday’s close at 21 1/2, a 10-fold increase. It’s long in the tooth, but it has had legs 1 and 2 up, and leg 3 looks like it may be ending. The 17 and 19-dollar swing trades have been met. The high on Monday was 21.53, before backing off. It did come on again, and it did have another successful day. Basically, 10 out of 11 days it’s been up. The OBV is continuing. As long as the rising bottoms continue to rise, we can continue with this stock. The low was 19.20. I would like to stop this under 19 in case it does a couple-point pullback here. If momentum carries it forward, we could see 24-25 in this stock.
Capnia Inc (NASDAQ:CAPN) had a nice day on Monday. It popped out of a wedge, and, although it didn’t close behind the range it did disappoint a little bit. It was up 40 cents, or 6%, on 411,500 shares traded. The volume increased a little. It could be the beginning of a move. We’ll have to keep close tabs on it. Short-term trade consider stopping under the 6-6.15 zone. On the long side, if it gets above the 8 1/4 range, I think it will take off, first the 10 zone, then 12, and then we’ll see what's next.
Gigamon Inc (NYSE:GIMO), a swing trade of ours, extended on Monday, up nearly another 1.00, or 4 1/4%, on 1.1 million shares. That’s the best volume in about 8 weeks. When breaking out more volume is always a good thing. Look for it to head up towards the 26-7 zone.
Oramed Pharmaceuticals Inc (NASDAQ:ORMP) had a fantastic day on Monday, with a massive pop of 2.41, or 38.7%, on 2.9 million shares. It didn’t close great. It was 1.20 off the high. Nevertheless, that’s key resistance, and may be the reason it backed off. Let’s see what kind of a consolidation or follow-through it gets, if any. Resistance is obviously up around the 9.85 area. The next targets are 11 1/2 and 14.
Other stocks on Harry’s Charts of the Day included Builders FirstSource Inc (NASDAQ:BLDR), Clovis Oncology Inc (NASDAQ:CLVS), Eagle Pharm (NASDAQ:EGRX), Great Basin Scientific Inc (NASDAQ:GBSN), JetBlue Airways Corporation (NASDAQ:JBLU), Jd.Com Inc Adr (NASDAQ:JD), Jumei International Holding Ltd (NYSE:JMEI), Merrimack Pharmaceuticals Inc (NASDAQ:MACK), Natural Health Trend (NASDAQ:NHTC), Recro Pharm (NASDAQ:REPH), Repligen Corporation (NASDAQ:RGEN), Sequenom Inc (NASDAQ:SQNM), Voltari Corporation (VLTC), Vuzix Corp Cmn Stk (NASDAQ:VUZI), and Wayfair Inc (NYSE:W).